Reported about 8 hours ago
Oil prices increased as the US and EU reached a trade deal, alleviating fears of a trade war and potential tariff hikes on China that could impact fuel demand. Brent crude rose to $68.64 a barrel, while West Texas Intermediate reached $65.31. The agreement, setting a 15% import tariff on EU goods, is expected to positively influence financial markets and support global oil prices amid ongoing negotiations to extend a tariff pause with China.
Source: YAHOO